Differences in institutional quality across euro area countries: Which factors contribute most to inequality?
In recent years the differences in the institutional structure across the Euro area countries have become a cause of concern, both for some individual Member States and for the functioning of the Economic and Monetary Union (EMU). In this paper we analyse the inequality in institutional qua...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Economists' Association of Vojvodina
2018-01-01
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| Series: | Panoeconomicus |
| Subjects: | |
| Online Access: | http://www.doiserbia.nb.rs/img/doi/1452-595X/2018/1452-595X1803363A.pdf |
| _version_ | 1819076417330085888 |
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| author | Arestis Philip Bárcena-Martín Elena Pérez-Moreno Salvador |
| author_facet | Arestis Philip Bárcena-Martín Elena Pérez-Moreno Salvador |
| author_sort | Arestis Philip |
| collection | DOAJ |
| description | In recent years the differences in the institutional structure across the
Euro area countries have become a cause of concern, both for some individual
Member States and for the functioning of the Economic and Monetary Union
(EMU). In this paper we analyse the inequality in institutional quality
across Euro area countries and estimate which factors of public and private
institutions contribute most to overall inequality in institutional quality.
To this end, we consider the institutional indicators of the Global
Competitiveness Index (GCI) from the World Economic Forum (WEF) during the
period 2007-2017, with the most disaggregated data possible. Our findings
support the call for structural reforms, particularly in the areas of ethics
and corruption (in the public sphere but also in the business environment),
undue influence on the judiciary and government decisions, and protection of
property rights, as the major sources of inequality in institutional
quality. |
| first_indexed | 2024-12-21T18:40:58Z |
| format | Article |
| id | doaj.art-8dc9252b8c064fa9a2c79de99e0de972 |
| institution | Directory Open Access Journal |
| issn | 1452-595X 2217-2386 |
| language | English |
| last_indexed | 2024-12-21T18:40:58Z |
| publishDate | 2018-01-01 |
| publisher | Economists' Association of Vojvodina |
| record_format | Article |
| series | Panoeconomicus |
| spelling | doaj.art-8dc9252b8c064fa9a2c79de99e0de9722022-12-21T18:54:01ZengEconomists' Association of VojvodinaPanoeconomicus1452-595X2217-23862018-01-0165336337910.2298/PAN1803363A1452-595X1803363ADifferences in institutional quality across euro area countries: Which factors contribute most to inequality?Arestis Philip0Bárcena-Martín Elena1Pérez-Moreno Salvador2University of Cambridge, UKUniversity of Malaga, SpainUniversity of Malaga, SpainIn recent years the differences in the institutional structure across the Euro area countries have become a cause of concern, both for some individual Member States and for the functioning of the Economic and Monetary Union (EMU). In this paper we analyse the inequality in institutional quality across Euro area countries and estimate which factors of public and private institutions contribute most to overall inequality in institutional quality. To this end, we consider the institutional indicators of the Global Competitiveness Index (GCI) from the World Economic Forum (WEF) during the period 2007-2017, with the most disaggregated data possible. Our findings support the call for structural reforms, particularly in the areas of ethics and corruption (in the public sphere but also in the business environment), undue influence on the judiciary and government decisions, and protection of property rights, as the major sources of inequality in institutional quality.http://www.doiserbia.nb.rs/img/doi/1452-595X/2018/1452-595X1803363A.pdfInstitutional qualityInequalityEuro area |
| spellingShingle | Arestis Philip Bárcena-Martín Elena Pérez-Moreno Salvador Differences in institutional quality across euro area countries: Which factors contribute most to inequality? Panoeconomicus Institutional quality Inequality Euro area |
| title | Differences in institutional quality across euro area countries: Which factors contribute most to inequality? |
| title_full | Differences in institutional quality across euro area countries: Which factors contribute most to inequality? |
| title_fullStr | Differences in institutional quality across euro area countries: Which factors contribute most to inequality? |
| title_full_unstemmed | Differences in institutional quality across euro area countries: Which factors contribute most to inequality? |
| title_short | Differences in institutional quality across euro area countries: Which factors contribute most to inequality? |
| title_sort | differences in institutional quality across euro area countries which factors contribute most to inequality |
| topic | Institutional quality Inequality Euro area |
| url | http://www.doiserbia.nb.rs/img/doi/1452-595X/2018/1452-595X1803363A.pdf |
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